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32K views · 23 reactions | An FHA loan is insured by the Federal Housing Administration and protects lenders from financial risk. Lenders have to meet certain criteria for their loans to be termed “FHA-approved,” after which the FHA backs the loans the lender issues in case a borrower defaults on the mortgage. Borrowers must also meet requirements to qualify for one of these loans. | FHA.com | Facebook
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6.2K views · 3 comments | Your loan officer is an employee of the bank or lending company where you are applying for mortgage. He/She looks for home loan solutions for you from within options available at the company he works for. They go by many names, including mortgage bankers, mortgage consultants, etc. | FHA.com | Facebook
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